Author Archives: edwardkanawu

Otumfuo destools chief of Bekwai-Abodom over ‘abandonment’ of stool, galamsey

General News of Friday, 11 August 2023 Source: www.ghanaweb.com play videoHis Majesty Otumfuo Osei Tutu II Otumfuo Osei Tutu II, the Asantehene, has destooled Nana Saforo Koto, the Chief of Bekwai-Abodom. The destoolment is as a result of Nana Saforo Koto’s inability to defend himself against nearly 20 charges presented by concerned residents within his community. The charges against him predominantly ...

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FULL TEXT: What IMF said about BoG’s GH¢60 billion DDEP-induced loss

Business News of Friday, 11 August 2023 Source: www.ghanaweb.com   The International Monetary Fund The International Monetary Fund (IMF) has justified the Bank of Ghana’s GH¢60 billion impairment loss recorded in the 2022 fiscal year. The Bretton Wood institution in a post captured on its website about Ghana on August 10, 2023 said there is no cause for alarm. It upheld the position that ...

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Ofori-Atta’s ‘turning the corner’ does not mean end of the game – Deputy Finance Minister on Mid-Year Budget

Business News of Sunday, 6 August 2023 Source: www.ghanaweb.com   Deputy Minister for Finance, John Ampontuah Kumah Deputy Finance Minister, Dr. John Ampontuah Kumah, believes that the recent “turning the corner” comment made by the Finance Minister, Ken Ofori-Atta, during the 2023 mid-year budget review in parliament is being misconstrued. According to him, the statement does not mean the country has finally ...

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Husbands must accompany their pregnant wives to antenatal clinics always – Midwife

HEALTH AUG 5, 2023   LISTEN     Would-be fathers must endeavour to accompany their wives to ante-natal clinics as a way of supporting them to nurture the unborn babies and know what to expect during delivery. Ms Rosemary Fosuaa, a Senior Midwife at the International Maritime Hospital (IMaH) in Tema, said when men joined their partners to antenatal clinics where pregnancy schools were ...

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Bagbin refers GH¢187m ‘Kitchen Cabinet’ scandal to Finance Committee for investigation

General News of Thursday, 3 August 2023 Source: starrfm.com.gh Speaker of Parliament, Alban Bagbin The Speaker of Parliament, Alban Bagbin has tasked the Finance Committee to investigate an exposé by North Tongu Member of Parliament, Samuel Okudzeto Ablakwa which he terms the Kitchen Cabinet Scandal. According to Ablakwa, cousin to President Akufo-Addo and leading member of the governing New Patriotic Party (NPP) Gabby Asare Otchere-Darko has been ...

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Beige Bank case: Some charges levelled against Micheal Nyinaku weren’t referred to me for investigations – Investigator to Court

General News of Thursday, 3 August 2023 Source: starrfm.com.gh   CEO of Beige Bank, Mr. Michael Nyinaku It has emerged at the Financial and Economic Division of the High Court in Accra that some of the charges levelled against the founder of defunct Beige Bank, Mr. Michael Nyinaku, including money laundering of over GHc400 million were not investigated by the case ...

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Parliament Approves Whistleblower Amendment Bill

28-Jul-2023 Parliament has given its approval to the Whistleblower (Amendment) Bill, 2023. This is captured in a newspaper report by the Daily Graphic dated July 28, 2023. The primary objective of this bill, according to the report, is to amend the existing Whistleblower Act, 2006 (Act 720) to enhance the funding sources for the Whistleblower Reward Fund. The Attorney-General (A-G) ...

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All contracts with 10,832 school feeding caterers have expired – Government

Business News of Tuesday, 1 August 2023 Source: rainbowradioonline.com   Gender Minister, Lariba Zuweira Abudu The contracts of school feeding caterers have expired, according to Lariba Zuweira Abudu, Minister for Gender, Children, and Social Protection. The Minister, who is also the Member of Parliament for Walewale, revealed this when she appeared before Parliament on Tuesday, August 1, 2023, to answer questions. She told the House ...

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Bank of Ghana explains what caused over GH¢60 billion loss in 2022

Business News of Wednesday, 2 August 2023 Disclaimer Source: bog.gov.gh   Bank of Ghana | File photo The Bank of Ghana reported a Loss of GH¢60.8 billion. What is driving this huge loss: The main reason for this huge loss is the impairment of the holding of marketable Government stocks and non-marketable instruments of Government all being held in the books of the Bank ...

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Second round DDEP will not impact BoG balance sheet – Director of Research

Business News of Wednesday, 2 August 2023 Source: www.ghanaweb.com   Director of Research at the Bank of Ghana, Dr Philip Abradu-Otoo has said the Central Bank will not be impacted by the second round of Domestic Debt Exchange Programme launched by the government. He explained that some three instruments consisting of marketable instruments, non-instruments and COCOBOD bills largely contributed to the ...

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